Wolfenzon, Daniel Associate Professor of Finance Faculty Research Fellow, NBER Phone: (212) 998-0309 Fax : (212) 995-4233 Email:  dwolfenz@stern.nyu.edu Office: KMEC 9-87 44 West Fourth Street Suite 9-190 New York, NY 10012-1126

Education:

• Ph.D. Economics, Harvard University,  1999
• A.M. Economics, Harvard University,  1999
• B.S. Economics, Massachusetts Institute of Technology,  1994
• B.S. Mechanical Engineering, Massachusetts Institute of Technology,  1994

Teaching:

• Corporate Finance
• PhD Seminar in International Corporate Finance

Research Interests:

• Corporate finance
• Family firms
• Law and finance
• Privately held firms

Publications: (Full CV)

“Inside the family firm: The role of families in succession decisions and performance,” Quarterly Journal of Economics, forthcoming in 2007, with M. Bennedsen, K. Nielsen, and F. Perez-Gonzalez

Glucksman First Place Award for "Best Working Paper in Finance," 2005/6, Stern, NYU

“A theory of pyramidal ownership and family business groups,” Journal of Finance, forthcoming in 2006, with H. Almeida

Glucksman First Place Award for "Best Working Paper in Finance," 2003/4, Stern, NYU

“Should business groups be dismantled? The equilibrium costs of efficient internal capital markets,” Journal of Financial Economics, 2006, with H. Almeida

“The effect of external finance on the equilibrium allocation of capital,” Journal of Financial Economics, 2005, with H. Almeida

Jensen Prize (second place) for "Best Paper on Corporate Finance and Organizations" published in the JFE in 2005

Fitch Runner-Up Award for "Best Working Paper in Finance," 2002/3, Stern, NYU

“Corporate governance, economic entrenchment and growth,” Journal of Economic Literature, 2005, with R. Morck and B.Yeung

Lead Article

“Investor protection and equity markets,” Journal of Financial Economics, 2002, with A. Shleifer

Jensen Prize (second place) for "Best Paper on Corporate Finance and Organizations" published in the JFE in 2002

Glucksman Runner-Up Award for "Best Working Paper in Finance," 2001/2, Stern, NYU

Lead Article

“The balance of power in closely held corporations”, Journal of Financial Economics, 2000, with M. Bennedsen

Working papers and papers under review:

“Do CEOs matter?” 2007, with M. Bennedsen, and F. Perez-Gonzalez

“The investment behavior of private equity firms: Theory and evidence,” 2007, with A. Ljungqvist and M. Richardson

Barclays Global Investors Australia Research Award (winner), 2007

“Valuation and performance of firms in complex ownership structures: An application to Korean chaebols,” 2007, with H. Almeida, S. Yong Park, and M. Subrahmanyam

“Governance problems in close corporations,” 2005, with V. Nagar and K. Petroni

Renamed, previously "Ownership and performance in closely held corporations"

"A Theory of pyramidal ownership," 1999

Work in progress:

“Distracted CEOs,” with M. Bennedsen, and F. Perez-Gonzalez

“Individual shocks and organizational performance,” with M. Bennedsen, and F. Perez-Gonzalez

“Internal capital markets in the family,” with M. Bennedsen, and F. Perez-Gonzalez